Citigroup’s Banker Exodus in Europe Continues

Good, let them go. The industry IS AWASH IN TALENT !!!!! for every open position there are 3x to 4x well qualified candidates.
Doesn't this exodous as you call it, describe the "loyalty" of the folks. If I ran a business this is not the type staff you would seek out to hire. If their compensation is the primary motivator, and they will simply follow the "money" then I say adios !!!!1
Oh, a small fact to think about. What did this great group of investment bankers contribute to the bottom line over the past few years? Well, they didn't even cover their salary and reimbursed business expenses !!!!!!!

11:00 am June 2, 2010

The Houstonian Banker wrote :

Well, that is what happens when you do not value the talent you have. This article sounds close to home with the "Wachovia-Wells Fargo" merger. After all, does anyone believe the company cares?? Do you think their stock will be affected? Or that their revenue will change? or their reputation worsen? It does not matter, when companies are this size....unless everyone who feels their talent is not valued and "has proof that they have a talent, unlike many" heads for the "revolving door". There is always another bank across the street!!!

11:32 am June 2, 2010

A investor from NJ wrote :

A bunch goes to Barclay/lehman from Citi and a bunch comes from Nomura/lehman to Citi.
Barclay is also bailed out company and may be still under the ward of UK government.
Good thing is Citi is now less owned by US Govt. say 21% from 27%.

5:22 am June 12, 2010

UK Banker wrote :

Mr. Investor,
You need to get your facts right. Firstly its Barclays and not Barclay. Secondly, it is not a bailed out bank hence it is not under the ward of UK Govt.

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